141 Capital Releases Capitalization Update
08 Septembre 2009 - 2:31PM
Business Wire
141 Capital, Inc. (OTCPK: ONCP).
Errol Stone, 141 Capital, Inc. CEO stated today that as of July
31, 2009, of the Company's 5,000,000,000 shares of authorized
common stock, there were 1,239,260,000 shares of common stock
issued and outstanding. Of those shares, 900,685,744 are restricted
shares; Spooz, Inc. owns 300,685,714 shares and Messrs. Strickland
and Stone own 310,000,000 each, leaving approximately 368,859,290
shares (27% of the issued and outstanding common shares) in 141's
public float. There are 10,000,000 shares of Preferred Stock
authorized by the Articles of Incorporation; 1,000,000 shares of
Series A Convertible Preferred Stock, 750,000 shares of Series B
Convertible Preferred Stock and 744,405 shares of Series C
Preferred Stock are issued and outstanding. There has been no
change in the amount of Series A and B Preferred Stock issued and
outstanding. The reduction in the amount of Series C Preferred
Stock reflects shares converted into 141 common stock under the
voluntary exchange program.
About 141 Capital, Inc. (www.141capital.net)
141 Capital, Inc., is a publicly traded company based in
Chicago. Its primary operations involve commodity trading for its
own account utilizing trading systems for trading financial
products listed on the world's derivatives exchanges.
141 Capital encourages its shareholders to email any and all
questions and suggestions. We usually respond to questions after
business hours and understand it may take several days to receive a
response. Email: info@141capital.net.
Safe Harbor Act: This release includes forward-looking
statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 that involves
risks and uncertainties including, but not limited to, the impact
of competitive products, the ability to meet customer demand, the
ability to manage growth, acquisitions of technology, equipment, or
human resources, the effect of economic business conditions, and
the ability to attract and retain skilled personnel. The Company is
not obligated to revise or update any forward-looking statements in
order to reflect events or circumstances that may arise after the
date of this release.
141 Capital (GM) (USOTC:ONCP)
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